News Centre

DFM Announces The Inclusion Of “AMANAT” And “DUBAI PARKS” Into The General Index

Date 18/01/2015

Dubai Financial Market announced that shares of two newly listed public joint stock companies, AMANAT and DUBAI PARKS, will be added to its general index (DFMGI) and to sector indices as of Monday January 19th 2015. The number of companies listed in the index increased to 34 companies.

Commencement Of Trading On The First Exchange Traded Fund (ETF) In The Egyptian Exchange

Date 18/01/2015

The Egyptian Exchange commenced its first ETF trading on Wednesday, January 14, 2015. The newly traded ETF tracks the main index, EGX 30 index, where its certificates are allowed to be traded as other securities, through brokerage firms.

DGCX Gold Volumes Grow 14% In December

Date 18/01/2015

Gold trading volumes on the Dubai Gold and Commodities Exchange (DGCX) reached 41,945 contracts in December, registering a significant growth of 14% year-on –year.  In December 2014, DGCX volumes witnessed a growth of 25% from the same period last year, recording total monthly volume of 962,438 contracts valued at $ 27.84 billion.  The Exchange’s average daily volume (ADV) grew 19% year-on-year reaching 45,830 contracts in December 2014.

Leucadia National Corporation And FXCM Announce $300 Million Financing To Permit FXCM To Continue Normal Operations

Date 16/01/2015

Leucadia National Corporation (NYSE: LUK) and FXCM (NYSE: FXCM) today announced that Leucadia would be providing $300 million in cash to FXCM and its subsidiaries (collectively "FXCM") that will permit FXCM to meet its regulatory-capital requirements and continue normal operations after yesterday's loss of $225 million due to the unprecedented actions of the Swiss National Bank. Under the terms of the agreements, Leucadia is investing $300 million in cash into FXCM in the form of a $300 millionsenior secured term loan with a two-year maturity and an initial coupon of 10%. The term loan obligations are guaranteed, on a secured basis, by certain of FXCM's domestic subsidiaries. In addition, Leucadia will receive, in the event of a sale of FXCM or its subsidiaries, a certain percentage of the sale proceeds and, in the event FXCM makes other distributions on account of its equity, a corresponding payment for its own account. This transaction is expected to close this afternoon. Drew Niv, Chief Executive Officer of FXCM, stated: "We could not be more grateful to Leucadia and its team for their rapid and effective response and to our regulators, who have been willing to work with us through this challenging process. Leucadia's support and this financing are by far the best alternative for FXCM, our customers, our shareholders, and all other relevant constituencies. We are pleased to continue to act as the leading online provider of foreign exchange trading and related services to retail and institutional customers worldwide."

BATS 1000 Index Down 0.9 Percent This Week

Date 16/01/2015

BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) decreased 213.44 points to close at 22,504.74 or down 0.9 percent over last Friday’s close.

Treasury International Capital Data For November

Date 16/01/2015

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for November 2014.  The next release, which will report on data for December 2014, is scheduled for February 17, 2015.

CFTC Commitments Of Traders Reports Update

Date 16/01/2015

The current reports for the week of January 13, 2015 are now available.

ISDA Announces Key Organizational Changes

Date 16/01/2015

The International Swaps and Derivatives Association, Inc. (ISDA) today announced several organizational changes in ISDA’s Public Policy and Regulatory and Legal teams to reflect the next phase of regulatory reform and to support cross-border harmonization efforts.

Nigerian Stock Exchange Weekly Report For The Week Ended 16 January 2015

Date 16/01/2015

A turnover of 1.663 billion shares worth N16.585 billion in 23,591 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 2.013 billion shares valued at N23.377 billion that exchanged hands last week in 20,902 deals.

Liz Field, CEO Of The Wealth Management Association Comments On US And UK Cyber Games

Date 16/01/2015

As the British Prime Minister David Cameron and US President Barack Obama meet to discuss the growing threat of cyber crime and the increasing risk to business, Liz Field, CEO of the Wealth Management Association, the trade body whose members manage £650 billion of private clients assets, welcomes the support and believes that it should remain at the top of the agenda of policy-makers.